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WHY EXPAND FROM ISRAEL TO AUSTRALIA? AND WHY NOW?
Israel has long been known as the "startup nation," with a thriving tech industry and a wealth of innovative companies.
Home to a number of successful tech companies, with the economy growing steadily over the past decade, and GDP growth of around 3-4% per year. Much of this growth has been driven by the country's tech industry, which accounts for around 15% of Israel's GDP.
In addition to the tech industry, Israel also has a strong defense industry, with many companies providing technology and services to the Israeli military. The country also has a growing tourism industry, with around 4.5 million visitors in 2019.
With this growth, Israel has been actively seeking to expand its business interests overseas, particularly in APAC region.
WHY AUSTRALIA?
As the global business landscape becomes increasingly interconnected, countries are always seeking new ways to attract foreign investment and expand their economic reach. One such country that has caught the attention of many investors around the world is Australia.
With its stable economy, vibrant business environment, and skilled workforce, Australia is an ideal destination for any companies looking to expand their operations internationally.fr54
The country has a population of around 25 million people and a GDP of around $1.4 trillion. Australia has a diverse economy, with a range of industries including mining, agriculture, and services.
1. Stable economy
Australia has a stable and robust economy, which is consistently ranked among the top 20 largest economies in the world. The country's economy has been growing steadily for the past few years, thanks to its skilled workforce, strong financial institutions, and abundant natural resources. This makes Australia an attractive destination for Israeli companies looking for a stable and reliable market.
2. Skilled workforce
Australia has a highly skilled and educated workforce, with a strong focus on research and development. The country has a number of world-class universities and research institutions that produce top-quality graduates, making it an ideal location for Israeli companies that rely on innovation and cutting-edge technology.
3. Vibrant business environment
Australia has a vibrant and dynamic business environment, with a strong focus on entrepreneurship and innovation. The country's government has implemented a number of initiatives to support new businesses and startups, including tax incentives, grants, and funding programs. This makes Australia an ideal location for Israeli companies that are looking to launch new ventures or expand their existing operations.
4. Strategic location
Australia is located in the heart of the Asia-Pacific region, which is one of the fastest-growing economic regions in the world. This makes Australia an ideal hub for Israeli companies looking to expand their business in the region, as it provides easy access to key markets such as China, Japan, and South Korea.
WHY EXPAND TO AUSTRALIA NOW?
Israel and Australia have a long-standing relationship, with strong cultural and economic ties. Israeli companies have been expanding into Australia for many years, with many successful partnerships and joint ventures.
The country has signed free trade agreements with countries such as China, South Korea, and Australia, and is also a member of the OECD.
Now is a particularly good time for Israeli businesses to expand into Australia for several reasons:
Australia is a large and growing market, with a strong demand for technology and innovation. This presents a great opportunity for Israeli tech companies to expand their customer base and increase their revenue.
The Australian government is actively seeking to attract international businesses, particularly in the technology sector. The government has announced a range of measures to support innovation and entrepreneurship, including a $1.1 billion investment in the National Innovation and Science Agenda.
The Australia-Israel Chamber of Commerce (AICC) is a strong and active organization, which provides support and networking opportunities for Israeli businesses looking to expand into Australia. The AICC has offices in Sydney, Melbourne, and Perth, and hosts regular events and seminars for its members.
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